Five months after its launch, Zimbabweâs new currency is under pressure as increased grain imports eat away at foreign reserves, putting at risk the governmentâs plan to make it the only currency in the market by 2026. The gold-backed ZiG, which stands for Zimbabwe Gold, is the
She Cranes defender Faridah Kadondi will cherish her moments at new English Super Netball League outfit Nottingham Forest when the 2025 – 2026 season starts but her focus remains on growing and bettering her skills. Kandondi surprised many after being included on the Nottingham Fores
The Uganda National Roads Authority (Unra) has added a second ferry at the Masindi Port to ease transport to northern Uganda ahead of the planned closure of the Karuma Bridge, scheduled to begin on September 23. The Unra media relations manager, Mr Allan Ssempebwa, said the new ferry wil
It is a cloudy day over Lake Kyoga. At midday, four women, oars slung over their shoulders, slowly walk through Zengebe Mayinja Landing Site, making their way to the lakeshore. The landing site is one of the six found in Lwampanga Town Council in Nakasongola District. The women are all
The Executive Director Uganda Microfinance Regulatory Authority (UMRA) says 86 percent of the borrowing in Uganda is happening in the Tier IV sector “A recent study shows that most Ugandans have ditched banks for Microfinance Deposit-taking Institutions (MDIs),” Ms Edith Namugga Tusu
Wealth creation refers to the process of investing your savings to grow your wealth by choosing investments that align with your financial goals. The modern approach to wealth creation of budgeting and saving builds wealth through a variety of methods using financial products. Certainly, whe
As schools opened for the third term on Monday, flood-affected schools in Ntoroko District faced significant disruptions, with some relocating and conducting classes in tents, leading to low student turnout and teacher absences. Ntoroko District has been grappling with floods for more th
Private school administrators have responded to mounting public outcry over what is perceived as unduly high tuition fees, attributing the costs to operational expenses. Although many administrators declined to provide a detailed breakdown of their expenditure, they pointed to utility bi
Police in the Kiira region have confirmed the arrest of a 15-year-old girl from Budondo Ward in Jinja City for allegedly procuring an abortion. The juvenile suspect is currently detained at Budondo Police Station, awaiting prosecution. She reportedly had been seven months pregnant with t
The Equal Opportunities Commission (EOC) has asked the government to stop funding top schools that continue to charge excessive school fees. Ms Susan Nambatya, the EOC research associate, who yesterday spoke at the release of findings of a study on fees charged by government and private
